Effect Of Microfinance Banking On Rural Development In Nigeria (A Study Of Ikpe Anang Microfinance Bank, Akwa Ibom State):- Umoren Mary A

UMOREN MARY ANTHONY | 60 pages (12883 words) | Projects

ABSTRACT

The study investigated on effect ofmicro-finance banking on rural development in Nigeria. The major objectives of the study are to examine the effect of microfinance bank credit on rural development, to determine the effect ofmicrofinance banks loan on agricultural andproductivity and to ascertain the effect ofmicrofinance bank on job creation in rural areas. The researcher adopted primary data in getting the required information. In testing the hypotheses, regression analysis was used was used. The findings revealed that microfinance bank credit has a significant effect on rural development. The findingsfurther revealed that Microfinance banks loan has a significant effect on agricultural productivity. The researcher recommends that the overall state of liquidity should be improved so as to have a favourable impact on the profitability of the company. The researcher also recommends that Microfinance banks should develop an official credit-rating system in easier way, even ifin a limited manner, in order to assist rural areas in their development,. The studyfurther recommends that Microfinance banks should ensure that they are socially responsible to their host community. That would contribute to rural development.

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APA

UMOREN, A (2024). Effect Of Microfinance Banking On Rural Development In Nigeria (A Study Of Ikpe Anang Microfinance Bank, Akwa Ibom State):- Umoren Mary A . Mouau.afribary.org: Retrieved Oct 31, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-microfinance-banking-on-rural-development-in-nigeria-a-study-of-ikpe-anang-microfinance-bank-akwa-ibom-state-umoren-mary-a-7-2

MLA 8th

ANTHONY, UMOREN. "Effect Of Microfinance Banking On Rural Development In Nigeria (A Study Of Ikpe Anang Microfinance Bank, Akwa Ibom State):- Umoren Mary A " Mouau.afribary.org. Mouau.afribary.org, 11 Mar. 2024, https://repository.mouau.edu.ng/work/view/effect-of-microfinance-banking-on-rural-development-in-nigeria-a-study-of-ikpe-anang-microfinance-bank-akwa-ibom-state-umoren-mary-a-7-2. Accessed 31 Oct. 2024.

MLA7

ANTHONY, UMOREN. "Effect Of Microfinance Banking On Rural Development In Nigeria (A Study Of Ikpe Anang Microfinance Bank, Akwa Ibom State):- Umoren Mary A ". Mouau.afribary.org, Mouau.afribary.org, 11 Mar. 2024. Web. 31 Oct. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-microfinance-banking-on-rural-development-in-nigeria-a-study-of-ikpe-anang-microfinance-bank-akwa-ibom-state-umoren-mary-a-7-2 >.

Chicago

ANTHONY, UMOREN. "Effect Of Microfinance Banking On Rural Development In Nigeria (A Study Of Ikpe Anang Microfinance Bank, Akwa Ibom State):- Umoren Mary A " Mouau.afribary.org (2024). Accessed 31 Oct. 2024. https://repository.mouau.edu.ng/work/view/effect-of-microfinance-banking-on-rural-development-in-nigeria-a-study-of-ikpe-anang-microfinance-bank-akwa-ibom-state-umoren-mary-a-7-2

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